topic Re: Capital One multiple cards app in one week in Rebuilding Your Credit

Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 14:23:12 GMT

A few days ago I got approved for a Cap1 VentureOne card. If I apply for a Cap1 Platinum will it be another hard pull on credit report today? I want to get my card total to 3. But I don't know if I want to do it if it means another HP.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 14:39:56 GMT

Yes. It will be another triple hard score.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 14:48:38 GMT

I heard the magic number is at least 3. Would it be worth it getting to 3 with another hard hit when I want to get an auto loan in April? I probably would not have another hard hit until applying for the auto loan. I have 3 between Sept and now and I had one last June.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 14:54:33 GMT

That's a personal decision. 3 is the number to be at.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 14:57:24 GMT

Thanks for your help.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 15:06:34 GMT

If you just got approved for a Venture1 why would you want a platinum mc? The V1 is a prime card, the platinum is subprime and has lower limits......

If you want the 3rd card without a HP, try a comenity card (please just one) via the SCT on one of their sites (jcrew, vs, buckle, etc). That shouldn't be a hard pull if you get the pop-up.

Pull your scores from here and see where your auto scores sit after the new card reports. You 08's may be very different than your auto scores. Plus it gives you a better idea on what to do or where to go for an auto loan once you're ready.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 15:17:04 GMT

@Anonymous wrote:
If you just got approved for a Venture1 why would you want a platinum mc? The V1 is a prime card, the platinum is subprime and has lower limits......

If you want the 3rd card without a HP, try a comenity card (please just one) via the SCT on one of their sites (jcrew, vs, buckle, etc). That shouldn't be a hard pull if you get the pop-up.

Pull your scores from here and see where your auto scores sit after the new card reports. You 08's may be very different than your auto scores. Plus it gives you a better idea on what to do or where to go for an auto loan once you're ready.

I am just looking for a third card because as I read the boards here I should have 3 credit cards to build my credit. I would prefer none but i need them to build my scores. I would like to get a different card than Cap1 but I don't think I can do a Comenity card as I burned them in BK. I burned BoA, Comenity & Discover.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 19:31:51 GMT

@Anonymous wrote:
@Anonymous wrote:
If you just got approved for a Venture1 why would you want a platinum mc? The V1 is a prime card, the platinum is subprime and has lower limits......

If you want the 3rd card without a HP, try a comenity card (please just one) via the SCT on one of their sites (jcrew, vs, buckle, etc). That shouldn't be a hard pull if you get the pop-up.

Pull your scores from here and see where your auto scores sit after the new card reports. You 08's may be very different than your auto scores. Plus it gives you a better idea on what to do or where to go for an auto loan once you're ready.
I am just looking for a third card because as I read the boards here I should have 3 credit cards to build my credit. I would prefer none but i need them to build my scores. I would like to get a different card than Cap1 but I don't think I can do a Comenity card as I burned them in BK. I burned BoA, Comenity & Discover.

Do you shop on Amazon? I got the Chase Amazon card when my scores were at rock bottom, but I also don't have a BK. See if you get an offer for that or the store card while trying to buy something on Amazon. IMHO, inquires are the least of your worries at this point. Getting that 3rd card is more important. Also give the SCT cards a try. It can't hurt as it's only a SP.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 19:36:24 GMT

Stop worrying about HP, they are a necessary part of building/rebuilding credit.

Re: Capital One multiple cards app in one week

Anonymous — Sat, 05 Dec 2015 19:40:01 GMT

@Anonymous wrote:
A few days ago I got approved for a Cap1 VentureOne card. If I apply for a Cap1 Platinum will it be another hard pull on credit report today? I want to get my card total to 3. But I don't know if I want to do it if it means another HP.

The Platinum card is not the one you should apply for - you should apply for the QS card (not the QS1)

Re: Capital One multiple cards app in one week

Anonymous — Sun, 06 Dec 2015 19:02:54 GMT

@Anonymous wrote:
@Anonymous wrote:
A few days ago I got approved for a Cap1 VentureOne card. If I apply for a Cap1 Platinum will it be another hard pull on credit report today? I want to get my card total to 3. But I don't know if I want to do it if it means another HP.
The Platinum card is not the one you should apply for - you should apply for the QS card (not the QS1)

I already have the QS so I went Platinum. It will be one that I keep my untilization at 0%. I may put my iTunes $2 a month on it just to keep reporting payments.

Re: Capital One multiple cards app in one week

Anonymous — Sun, 06 Dec 2015 19:05:42 GMT

@Anonymous wrote:
Stop worrying about HP, they are a necessary part of building/rebuilding credit.

I get it but I really want to get an auto loan in April to get a different car so I just want to minimize it until then but I did want to get my third card.